May 10, 2018 / 7:02 AM / 2 months ago

Coca-Cola HBC sales growth tops estimates

LONDON, May 10 (Reuters) - Soft drink bottler Coca-Cola HBC reported better-than-expected quarterly sales growth on Thursday, helped by higher prices and strength in developing markets.

The company said revenue rose 4.5 percent on a currency-neutral basis in the first quarter, helped by a 2.3 percent increase in the number of drinks sold as well as improvements in price and mix of drinks.

Analysts were expecting growth of 4 percent, with a 1.9 percent rise in volume, according to Jefferies analysts.

Including currency fluctuations, reported revenue fell 1.7 percent. (Reporting by Martinne Geller; Editing by Adrian Croft)

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